We all know that being a residential landlord is a big responsibility. Whether you’re new to BTL or have an established rental portfolio to manage, it’s important that you understand your legal responsibilities to protect both yourself and your tenants.
As an existing or prospective landlord, there are three main options available when it comes to buying property. You can either:
Over five years ago, I took my first tentative steps toward becoming a landlord. Like many, I was captivated by the prospect of a secure, passive income and a healthy retirement fund that would support me in my future years. What is more, how hard could it really be? There are countless books, videos, and […]
Self-management of your property business is as cheap or expensive as you want it to be. In loose financial terms, it is down to the level of your knowledge and the systems you want to use to manage your properties. As we’ll learn in this post though, the costs of self-management go beyond money.
Aside from the daily management of your property business that you’ll always be doing, at some point you’ll want to explore how to grow. Business growth is a part of running a property business that is most often overlooked by letting agents.
A gloom has descended over the landlord community, it began when we were treated like no other business and had the interest on business loans/mortgages (which amount to the same thing in our business) excluded from tax exemption – known as Section 24 because it is Section 24 of the Finance Act 2017.
Short-term vacation rentals are a great way to boost your income and with regular bookings, a holiday property can even outperform a standard rental property.
In 2022, people are more focused on at-home living than they were pre-pandemic. The surge of remote workers combined with general social anxiety has meant that people are much more interested in properties that can meet their comfortable homebody needs.
On the 16th of June 2022, the government released its long-awaited white paper on rental reform in the UK, titled ‘A Fairer Private Rented Sector’. The report is arguably one of the biggest shake-ups to the private rental sector in over 30 years, advocating wholesale changes to the structure of tenancy agreements, eviction rights and […]
It is safe to say that every self-managing landlord has a system to help them keep on top of their property business. Popular tools range from paper-based systems, through to software, access databases, spreadsheets, or a mix of these. In this post, we’re going to look at the most common management methods used by landlords […]
Almost all landlords now work with online systems one way or another. Whether you have your own website, you email your tenants, or you simply store all of the relevant information on a computer or device connected to the internet, the majority of administrative work can be considered to be ‘online’. Such a reliance on […]
Self-management of a rental property requires excellent organisation and one of the best ways to achieve this is to run your properties like a business.
Should you self-manage or use a letting agent? This is a question that many landlords ask as they’re starting out. Self-management means not using the services of a letting agent or property manager. The self-managing landlord does all the work themselves. There are some clear advantages to this strategy, particularly when it comes to costs.
There are an estimated 5 million leasehold homes in the UK, and many of the leaseholders occupying these homes will be liable for service charges.
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